A project manager plots the degree of certainty and complexity of a project along x- and y-axes to determine what type of project management approach would suit the project best. The exercise reveals that the project falls within the “complex” quadrant due to moderately uncertain requirements and highly uncertain technical challenges. Based on this information, what type of approach should the project manager use to manage the project?
A project manager is working through potential options using a decision tree. Scenario A has a failure impact of –$5,000 with a probability of 25 percent, and no impact if successful; and scenario B has a failure impact of –$3,500 with a probability of 65 percent, and no impact if successful. Which scenario should the project manager choose?
Which of the following best describes an incremental life cycle?
The company’s quality research team has been assigned to review the project materials. This team is not part of the group that developed the material. This is an example of what type of review?
As the director of the PMO, you regularly meet with executives to facilitate the review of new project proposals as part of an enterprise project selection committee. During a meeting, the selection committee considers three proposals. You present a summary of the three proposals and break them down by initial investment, payback period, and net present value. Based on the information provided in Table 6.1, which project of the three should the selection committee choose? [TABLE] 6.1 Project Selection Investment Payback Period IRR Project Sunrise $1,200,000 18 months .5 percent Project X $50,000 24 months 3 percent Project Revolution $550,000 9 months 3 percent
Which of the following describes an incremental life cycle?
You are a project manager working for a technology company that develops smart Bluetooth-enabled wearables for dogs. The product currently under development features a harness that gently vibrates when the dog gets beyond a specified range from the owner’s smartphone. You are developing the application that controls the harness using an incremental approach and have decided to create a prototype to gain feedback from your top five customers. The prototype will contain only a subset of features. What technique is being used by the team?
You are a project manager for SubZero Delights, a company that offers extraordinary experiences to travelers. Your latest project involves the development of a smart phone app that automatically picks up a customer’s GPS coordinates to provide tailored resources and recommendations. You take time to consider the project complexity and decide to plot the degree of uncertainty against requirement uncertainty. What model are you using?
You are working on an Agile project that is most concerned about providing finished deliverables that the customer may use immediately. Which development life cycle are you most likely to use?
Sue is leading the transformation of her PMO from a directive PMO to an Agile PMO. What characteristics is Sue likely to highlight when describing the Agile PMO to the company’s leadership team?